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Prospect News home > News index > List of issuers Tenders > Headlines for 2015 > News item
Published on 9/17/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Tank & Rast starts change-of-control offer for 6¾% second-lien notes

New York, Sept. 17 – Tank & Rast announced that Deutsche Raststatten Gruppe IV GmbH has begun a change-of-control tender offer to buy its €460 million of 6¾% senior second-lien notes due 2020.

The issuer is offering 101% of par plus accrued interest up to but excluding the date of purchase.

Holders must tender by 8 a.m. ET on Oct. 26.

Deutsche Bank AG, London Branch (+44 20 7547 5000) is tender agent.

Tank & Rast is a Bonn, Germany, operator of fuel stations and service stations on the German autobahn network.


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